In a growing early stage startup ecosystem in India, where more than 15,000 startups are supposedly born annually – and many end up prematurely owing to lack of right guidance – comes a much-needed initiative in form of IDEATE. A uniquely build 6-month intensive hands-on Mentoring and Startup Coaching Module, IDEATE is designed by TheMentorpreneurs – a leading mentor connect platform and Venture Catalyst – India’s premier early stage investment and co-working centre, in association with other leading ecosystem partners and startup advisors.
The core objective of IDEATE is to select early stage start-ups and then handhold them for 6 months, connecting them with mentors, investors, funding platforms and offering a complete guidance to help them establish and scale up more effectively. Selected startups would be charged nominal fees for the entire program.
Launching the program, Ms. Shraddha Patil, Co-founder, TheMentorpreneurs said, “Since operating in early stage startups for more than last few years, we realised that lot of new entrepreneurs are seemingly high on count of passion and zeal for new ventures – but then often stumble on basics of running and scaling their business. This lead us to structure IDEATE – where we would help these start-ups not just with right connects, but also would work closely with them to work on customised business growth and sustenance strategies. Some of the unique elements that we are also bringing include crowdfunding support, connect with corporates and personalised growth dashboards – which we believe are very novel to this ecosystem and can prove to be game-changers for fledgling startups.”
IDEATE is supported by some leading entrepreneurial advisors – including Rahul Narvekar, Ajeet Khurana, Revathy Roy, Rakesh Sidana, Surya Prakash Mohapatra, Shweta Shalini, Apoorv Sharma, Sachin Tagra. Its course advisors include Romil Shah, Satish Kataria, Amit Mishra, Devesh Chawla, Paritosh Sharma, Ashutosh Kumar and Bhavesh Kothari.
Reiterating their support to IDEATE, Dr. Apoorv Sharma, President and Co-Founder, Venture Catalysts, said, “With the increasing competition and demanding markets, it becomes really challenging for early stage startups to focus on multiple areas of business and yet deliver the best outcome. We have seen this challenge while making our investment decisions – and felt that if such a guidance can be offered to startups at its infancy stage itself – and that too without need to offload any equity just for this – this could really be a boon for early stage ventures and can help us also to have far more robust deal flow to invest into. We are glad to partner with TheMentorpreneurs into this initiative and wish them all the luck for this endeavour.”
Each selected startup will also be provided with personalized dashboards which can be used by mentors and investors to track their progress thus enabling them to understand the growth potential and scale. In this program, startups will be exposed to the fundamentals of efficiently running and managing their business by experts from the industry. They will also be guided towards the implementation of the same in the practical world thus ensuring growth. The startups will attend sessions on weekends and implement the same on following weekdays within their business. This will help them to implement the right business strategies and discuss the challenges during the course of the program for feedback and correction incase required. The entire program would be closely monitored by progress charts via personalized dashboards to maintain focus during the entire program duration. The startups selected for Ideate would be mentored to formulate, develop and commercialize their ideas.
Startups get ready to Ideate-Innovate-Elevate your dreams.
The applications for IDEATE are now open and startups can visit www.thementorpreneurs.com/ideate for further details.
Image : TheMentorpreneurs’ Team